Gerald S. Blaskie - Nov 2, 2021 Form 4 Insider Report for SCI Engineered Materials, Inc. (SCIA)

Role: CFO AND VICE PRESIDENT
Signature: /s/ Gerald S Blaskie
Stock symbol: SCIA
Transactions as of: Nov 2, 2021
Transactions value $: -$3,116
Form type: 4
Date filed: 11/3/2021, 08:33 AM
Next filing: Feb 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCIA	Common stock, without par value	Options Exercise	$3.12K	+2.49K	+8.03%	$1.25	33.5K	Nov 2, 2021	Direct	F3
transaction	SCIA	Common stock, without par value	Tax liability	-$3.12K	-605	-1.8%	$5.15	32.9K	Nov 2, 2021	Direct	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SCIA	Stock option - Right to Buy	Options Exercise	-$3.12K	-2.49K	-33.34%	$1.25	4.98K	Nov 2, 2021	Common Stock, without par value	2.49K	$1.25	Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects 605 shares withheld by the Issuer at the market price of $5.150 per share less an exercise price of $1.25 per share to fund the cashless exercise of 2,492 options.
F2	Stock options under the Issuer's 2011 Stock Option Plan. The option shares are fully vested.
F3	The transactions reported above in Table I reflect the cashless exercise of stock options. The cashless exercise for the options is reported in two lines. The lines coded M in column 3 of Table I report in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with Code A for acquired. The lines coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in Column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with Code D for disposed.
F4	Where the number of shares deducted for cashless exercise is a fraction, the number has been rounded to the nearest whole number of shares. The number of shares on a net basis actually owned by the Reporting Person after the cashless exercise of each option is the amount by which the first line for each cashless exercise exceeds the second line for the same cashless exercise. All transactions are exempt from Section 16(b) by reason of Rule 16b-3. The transactions reported in Table II above, reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I above.